MPO Blog Digital Transformation: You May Not Be Doing What You Think

We recently spoke about the difference between modernizing and digitally transforming. Put simply: Modernizing is upgrading the systems you have in place or purchasing a standalone system to digitize a specific function; digital transformation is a mindset, an ongoing process of innovation, evolution, and growth. A company can be both modernizing and transforming at the same time, but most businesses are typically only modernizing and solving pain points without developing an underlying vision and roadmap for transformation.In a recent survey, most firms said they are relying either partly or entirely on old applications, many using a mix of different modern and legacy one-offs. And only 11% of the respondents said they were using a single integrated platform of modern, best-in-class applications.So how do you know which your business is doing? And, if you're among the many who are still modernizing, how should you frame these "upgrades" within the context of a larger transformation strategy?